After a long wait, I've finally received my coin. It looks very shiny in its air-tight capsule. The attention to detail is superb with very good engraving on both the front and back side of the coin.    *Click the images above to see full-sized version* Thanks, willi9974! I will keep an eye for your next release (hopefully the silver coin). Stay safe everyone!  |
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Here goes nothing.... #06 - Abiky  |
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Why do you say that? The prices of most coins, including bitcoin, have already recovered from the recent flash crash and are now within the values they were at the beginning of the month. Sure, we're still a long way from ATH but the calm after the storm is worth celebrating.
This is not to say bitcoin is a safe haven, but we are certainly in a good place to buy, not only bitcoin but many of the popular cryptocurrencies at the moment.
Prices are recovering, but we're still far from seeing new All-time-highs on major cryptocurrencies like Bitcoin and Ethereum. The market went "bearish" right after the hype ended in 2021. It's going to take a lot more than just positive events in the real world for the market to soar once again. I think the next BTC halving will have a profound effect over crypto prices on the market. We just need to wait a little more time (2 to 3 years) in order to sell our coins at a higher price. All in all, buying and "hodling" coins for cheap right now could be the wisest decision you'll ever make. Ultimately, it's not about the price but rather the usefulness of a coin. I've said this many times already. As long as any cryptocurrency does the job well, nothing else matters. Just my opinion  |
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Currently Russia is under pressure from America and other NATO countries, many sanctions have begun to be directed at Russia by America and its allied countries, such as the prohibition of the use of dollars for international transactions by Russia, stopping imports and exports from and to Russia as well as the economic sanctions they imposed use it to weaken Russia, but I think the sanctions may not have a long-term effect on Russia and it looks like the Russian economy will not fall that easily, because many Middle Eastern countries have relations with rusia, apart from that I know they also have pretty good trade relations with china, and so the effect of the American embargo will probably be less affected for russian ekonomic.
Russia has China's support, so current economic sanctions by the West will fail in the long run. To cripple Russia's ability to grow economically, China must also be punished. By penalizing Russia and its allies, Putin will have no choice but to stop the invasion with Ukraine. There needs to be more pressure from the West in order to show its strength. Otherwise, Russia and China will continue to advance until they destroy democracy for good. Things aren't looking very bright for the world right now, so we can only hope for the worst. Just my thoughts  |
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It's been a long time since we don't hear about innovations regarding privacy-centric cryptocurrencies. Developers are launching tokens built on existing blockchain networks, while others are building new cryptocurrencies that are transparent-by-design (just like how Bitcoin and Ethereum are today). Privacy tech is still being improved, in order to provide people with an "escape route" from totalitarian surveillance systems. We now have Zero-Knowledge Proofs, Mimblewimble, and even RingCT + Confidential Transactions. Some people say Mimblewimble coins have stronger privacy than Monero, while others say all of the contrary. To my knowledge, there hasn't been a comparison between various privacy techniques in order to determine which is most anonymous. So is Monero better than Mimblewimble coins or am I comparing apples vs oranges? Any clarification on this would be greatly appreciated. Thanks in advance. |
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I miss the good-old days of mining cryptocurrencies with CPUs. Most (if not all) of the projects that I know of are either completely dead or are no longer being traded on the market. Coins like Ultracoin and Hodlcoin are history these days. It's too bad since mining with CPUs greatly improves the decentralization of the Blockchain. Remember Satoshi saying something about "One CPU, one vote"? If you know of a good CPU-mineable coin that's still alive and can be traded for BTC, please let me know. I'd appreciate anyone's suggestions and/or recommendations on this. Thanks. |
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Have you ever wondered why most altcoins turned to PoS, while only a few good-old coins are still using classical PoW consensus? As much as people want to make money by "staking" their holdings, most cryptocurrencies are becoming less-decentralized over time. There's strong criticism on Bitcoin's high level of "energy consumption" compared to other cryptocurrencies being traded on the market today. Some say the cause of PoW being a rarity these days is because they aren't "carbon-neutral". Others say that PoW is "outdated", compared to coins using PoS which are faster and cheaper to use for day-to-day transactions. If the number of PoS coins continues to grow, then Bitcoin will be the only decentralized cryptocurrency in the world. Should I be worried? What are your thoughts about this? Your input will be greatly appreciated. Thank you. |
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As simple as that, the US does not like bitcoin as it is a threat to the hegemony of the US dollar and as such they would like for it to disappear, however other countries will adopt it and if they do not then those countries will have a competitive edge over the US and as such they cannot accept it, this is similar to what happened with the 2008 crisis, the US said they were not going to rescue banks from their bad investments but then when they saw the UK will do so they had to do it as well, otherwise the UK would have an advantage over them and they could not allow that.
It's typical of the US government. When it sees other countries adopting a new technology, the government is forced to do the same in order to avoid being left behind in the dust. It's called "survival of the fittest". I don't care which country adopts or rejects Bitcoin, as long as the same remains decentralized and censorship-resistant. Regardless of mainstream regulations, Bitcoin can be used by freely used by anyone thanks to the way it was designed. If it was centralized, then it would've been easy to enforce regulations on it. We need as much people into Bitcoin as possible, so the more countries join the Bitcoin/Blockchain bandwagon, the higher its success will be. Considering that most countries are beginning to adopt Bitcoin, it's very likely Bitcoin and other cryptocurrencies will live alongside "digitized Fiat" (CBDCs) for generations. I'd be wise to grow your stack of Bitcoins before it's too late. Just my thoughts |
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Yes.
I think that the business license situation with Uniswap will also help it against the competitors who simply fork it.
The governance token will have increased utility and value given that the tech is now unique. It would depend on how the larger crypto markets are doing, but given the volatility I do think that $50 is a very possible outcome for UNI.
The so-called "business license" helps Uniswap gain advantage over its competitors, but it goes against crypto/Blockchain tech's open-source nature. If Uniswap 3.0 was open-sourced from the start, things would've been different. I guess that's why the "UNI" token hasn't gone up that much in price. That, alongside the long-standing bear market, takes away our hopes of seeing "UNI" valued at $50 per token. The developer team is going to need to bring something innovative to the table, if they want to attract traders (and investors) into the platform. There's a lot of competition right now, especially when there are alternative chains that are faster and cheaper to use than Ethereum itself. Either Uniswap succeeds or goes all the way down the drain in an instant. As simple as that. I wouldn't worry about this, as long as people are able to trade tokens and cryptocurrencies in a decentralized manner. Just my opinion |
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Sooner or later you'd have to convert that ill-gotten crypto to fiat and that's when you become most vulnerable. And then there's the issue of what if the price suddenly collapse. What, you gonna halt operations and wait for it to bounce back? Unless you're transacting cross-borders, you're probably just really better off using fiat. It's tried and tested! Even government swears of its usefulness Fiat is basically invisible if it don't go through banks. Just set up a small business that accept cash payments and you're done! Sure might have to pay taxes on that (can't beat the biggest criminal of course) but for all intents and purposes, your money is "clean". Converting crypto to Fiat (cash) wouldn't be necessary if there's a decent number of merchants and businesses accepting crypto as payment method. Of course, there's the problem of price volatility. But that can easily be solved via the use of decentralized stablecoins like DAI and USDJ. The reason why criminals are still using Fiat it's because of its ease-of-use. Not to mention, you can use Fiat (cash) when there's no Internet access whatsoever. I'd prefer that criminals stay away from crypto as possible, so the industry can come out clean in the long-run. Otherwise, governments will try to stop crypto by making it "illegal". We're living in uncertain times, so anything can be expected in the future. As long as the number of people using crypto legitimately succeeds those who don't, there should be nothing to worry about. Just my thoughts |
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Gas is a big issue when it comes to deploying contract on Ethereum network. Basically, the higher the gwei the higher the price you pay in fees on the ethereum network. I think I have spent $1k to $2k in ether deploying contract on ethereum network. I have spent $500 in fee on a single trade as well!
Depending on the complexity of the smart contract being used, the gas fee can be a lot higher than previously expected. DEXs like Uniswap and EtherDelta consume more gas than ordinary ERC-20 transactions because they perform a higher number of operations on the blockchain. Imagine how high fees will be with a heavily-congested Blockchain. That's why most people are beginning to use L2 scaling solutions on Ethereum to save money on fees. Others simply use alternative chains like BSC or Polygon (MATIC) for peace of mind. ETH developers still haven't launched the final phase of the PoS upgrade, so competitors will continue to grow at a fast pace. Until the next iteration of ETH comes out, don't expect gas fees to decline on the main chain anytime soon. At least, people aren't stuck on a single blockchain. Things would've been worse if ETH was the sole smart contract platform on the market. Who knows how ETH will look like in the future? Just my opinion |
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Von der Leyen has just announces that Russia is effectively being cut from the SWIFT payments system and that the west will be after the Russian main oligarchs assets across the world (for those unfamiliar with how this works, it is very difficult and not 100% possible). Ursula is also speaking about freezing the Russian Central bank assets. This is along with a tech supply chain squeeze, that may not work too well since China will be taking advantage.
China strongly supports Russia, so I doubt economic sanctions will cripple Russia's ability to finance its military (among other things) in the long term. With full isolation from the global trade, Russia will have no choice but to launch a financial system of its own (based on Blockchain tech). I'd be interesting to know how other countries will react after Russia decides to make such a move. If Russia makes its proprietary blockchain dependent on public chains for security, then it would be completely unstoppable. Imagine if the Ruble gets digitized, living on a blockchain network tied to the main Bitcoin blockchain for security (like a sidechain). To be able take down Russia's "little coin", countries are going to have to shut down Bitcoin (and the Internet) for good. You and I know this is impossible to achieve, so things will only get worse from now on. Who knows how the world will look 5-10 years from now? Just my thoughts |
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Probably because people only run the wallet to collect the stakes, send and deposit again.
I will keep my wallet running. I see I have 8 connections.
I don't see the blockchain explorer to find nodes.
Do you mind sharing the list of the 8 nodes you're connected to? You can find the IP addresses of each node under Help >> Debug Window >> Peers. 121.36.61.114:1989 216.218.109.50:1989 116.63.151.19:1989 162.248.163.220:1989 212.49.103.42:1989 85.131.25.219:1989 [2a02:17d0:8007:400:0:80:0:1]:1989 37.120.189.15:1989 Also, where can I sell this coin for BTC? If there's no exchange for it, does that mean the project is dead? Is there any other way to keep in touch with the developer (he hasn't been active on BitcoinTalk for quite some time)?  You can sell it at txbit.io. I am not sure if Unnamed deposits work but some do and also some withdraws. Thanks, mate. You've been very helpful. Fingers crossed this project will see a revival soon. Happy "hodling"! |
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I'm willing to bet that besides their national currency almost nobody here knows the price of bitcoin in anything other than $, I don't remember anybody cheering that BTC has reached 1 million or 3 million rubles or got passed 200 000 or 300 000 yuans.
No matter what you wish to think is happening, the $ is still king, and not threatened by any other currency, and as long as china sell stuff for those $, and pays its imports in $, there will be no de-dollarization.
That's because the US Dollar is still the reserve currency of the world. Not to mention, people aren't using Bitcoin as a "unit of account". Things would've been different if everything was valued in terms of Bitcoin instead of Fiat. In a "hyperbitcoinized" world, you would measure the value of goods and services in terms of "satoshis" instead of US Dollars or any other national currency. It sounds crazy but not far from becoming a reality soon. There's only one way "hyperbitcoinization" will happen and that is if the current banking system collapses in its entirety. As soon as the USD and other Fiat currencies collapse, Bitcoin and other cryptocurrencies will take over the global economy. USD's inflation rate keeps rising, so it should only be a matter of time before people start losing faith in it. Just my thoughts |
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Yes. It's confusing with his quick decision to accept bitcoin, because Russia's central bank had previously proposed banning bitcoin altogether. Many experts say that Mr. Putin legalizing bitcoin wants to use bitcoin to fight sanctions from the US and the West, but I don't think so.
Nobody wants war, mate. The world has experienced a deadly year with the covid 19 pandemic and I pray that everything will be over soon, Russia and Ukraine will come together to the negotiating table to end this war.
With the wave of sanctions approved by the West, it's likely Russia will fully approve Bitcoin for their own benefit. This could make Bitcoin's price soar to the moon, but it will not be viewed with good eyes by opposing countries. These are uncertain times we're living into, so anything can be expected. At least, we'll have one more country joining the revolution. If all of the world's governments approve Bitcoin as legal tender, then "hyperbitcoinization" will become a reality. Who knows if we're beginning to see the end of Fiat before our very eyes? Just my opinion |
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I thought uniswap has now a support for polygon? but this exchange is known for eth and many small users are avoiding it because we all know that eth transactions are now bloated. Good thing is that we have other alternative exchanges that supports multiple chains other than eth and one of them is quickswap, this exchange is also one of the top dex's.
Let us not forget we also have pancakeswap for the bsc network, we can't deny that bsc and panakeswap are also doing a good job. Matic is a good competitor of bsc but matics value is still pretty cheap right now, which is why it's the choice of the many. They expect that there's more to come from this coin.
Yes. Uniswap also supports Polygon, so people aren't stuck on a single DEX. In fact, several ETH-based projects moved to the Polygon Network due to ever-increasing gas fees on the main Ethereum blockchain. This should make MATIC's ecosystem stronger than ever. While prices haven't moved that much, development is still happening behind the scenes. Knowing the potential MATIC has, I'd say it's quite a bargain at current market prices. Anything below the "double digits" would be considered "cheap" in my eyes. If alternative smart contract platforms like BSC and Solana crossed that barrier, then why can't MATIC do the same? It's hard to tell what'll happen during the course of 2022, so the least we can do is buy some coins, and "hodl" them to see if we get lucky by any chance. Just my thoughts |
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Because, it is easy. The codes are out there, the open-source codes of pancakeswap is a great example to defi world for example, or any other simple token is literally just out there. Check one of the audited places from Certik and you will see plenty of codes from legit places. Just take their code, change it to whatever you want, and publish it, if you want you could get it audited and any mistakes will be found and you could change it and do it again, so that you would have perfect code. Design of a website is as simple as it gets, web developers are dime a dozen.
So, if you spend like 10k, you could create a project, put some marketing on top of that and you got yourself a new project. It is really THAT simple and people wonder why there are 17k+ in CMC alone, and there are tens of thousands not even listed there.
You got that right. It's so easy to copy Bitcoin's source code and launch a new coin with the hopes of making a quick buck in return. Some developers managed to make large amounts of money with their persuasive tactics. But others haven't been so lucky due to bad planning. While it's easy to launch a cryptocurrency of your own, it's not easy to maintain it. Crypto projects that stood the test of time had to deliver innovation and use cases to the real world in order to be in the place they are right now. Ultimately, a community is what makes a coin stronger. If your project has a decent community backing it, you can rest assured it'll last for quite some time. I wouldn't worry about having millions of different cryptocurrencies in market cap, since this is normal of the open-source nature of Blockchain tech. As long as crypto/Blockchain tech fulfills its purpose, nothing else matters. Just my opinion |
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A long correction. Not sure how long the correction would loss. But on the other hand, would like to understand the market how it moves. More demand to it increases the price. Whales are now silent accumulating more and thats why the market is slowly moving up? However, its the right time to invest and pile up more bitcoin as well as other crypto currencies. Always, when there is a long correction, there has been a hype followed. Lets wait for it.
Exactly. There's always a long correction after each hype cycle. Anything that goes up has to come down, right? Fortunately, Bitcoin won't dive further in price due to its extremely-limited supply. By combining deflation and high demand, we should be able to see high prices within the not-so-distant future. $75k is nothing if Bitcoin continues to gain traction in the mainstream world. Those who're in a hurry to see a "bullish" Bitcoin are nothing more than newcomers willing to make a "quick buck". The rest of the people (mainly experienced crypto traders and investors) are patiently waiting for Bitcoin to rise back up again in order to reap up huge rewards. Remember: "Patience is a virtue". As long as you're patient, you'll be able to obtain great results in the future. Who knows if Bitcoin ends up "beating" Fiat for good? Just my thoughts |
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Just because DOGE can give you profits it means we should not treat it as a meme coin. It's not the basis. Shitcoin can really yield profits but there's no fundamental with it. DOGE is still a meme coin but far better than other shitcoins in terms of trading profits.
I also have DOGE on my list but still, I considered that as a meme coin. Getting profits is my only purpose.
You can make money regardless of the coin being traded on the market. While Dogecoin was originally created as a joke, it can still serve as a means for profit. I wouldn't advise relying on it as a long-term investment due to its highly-uncertain nature. There's inflation "baked" into the protocol, so the coin should technically "lose" value over time. Most people don't understand this because they're blinded by greed. As long as there's money to be made, nothing else matters. At least, the Dogecoin blockchain's alive and running after all these years. If it stays decentralized, it'll survive for a very long time. Just my thoughts |
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